US consumer spending barely rises, key inflation gauge picks up
19 Articles
19 Articles

U.S. consumers were wary of spending last month as inflation soars
By CHRISTOPHER RUGABER WASHINGTON (AP) — Inflation increased last month and consumers barely increased their spending, signs that the economy was cooling even before most of the tariffs were imposed. The report released Friday by the Department of Commerce shows that consumer prices increased 2.5% in February compared to the previous year, matching the annual pace of January. Excluding the volatile food and energy categories, basic prices increa…
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